ETF Flows: 29 Apr 2025 Bitcoin ETFs See $172.8M Net Inflows Ethereum ETFs Experience $18.4M Net Inflows đ°Coin: Bitcoin ( $BTC ) $94,934.40 Ethereum ( $ETH ) $1,805.40
Key takeaways: Richard Byworth says Michael Saylorâs Strategy could ramp up its Bitcoin buys by acquiring cash-rich companies and converting their cash into Bitcoin. He says that Strategy should consider accelerating purchases as the Bitcoin supply on exchanges continues to decline. Byworth argues that aggressively increasing Bitcoin holdings would boost Strategyâs mNAV, benefiting shareholders. Michael Saylorâs Strategy should take a more aggressive approach to buying Bitcoin by acquiring companies to use their cash holdings to fund purchases and do away with over-the-counter buys, a crypto executive says. âSaylorâs strategy so far has been the right one,â Syz Capital partner and Jan3 adviser Richard Byworth said on an April 29 podcast. Strategy should try âsuper aggressiveâ buying However, Byworth pondered what happens when Bitcoin ( BTC ) reaches an âilliquid supplyâ point where no Bitcoin is left on crypto exchanges or over-the-counter (OTC) desks. âShould Saylor buy Bitcoin really carelessly? As in, not try and buy it through OTC desksâŚand actually just buy it with the intention of massively ramping the price,â Byworth said. âThe point where things are getting less liquid, maybe you should try for a period going super aggressive, super careless buying, market impact all across, and push the price higher.â Strategy currently holds 553,555 BTC, valued at approximately $52.48 billion at the time of publication, according to Saylor Tracker. Fidelity Digital Assets said on April 24 that it has seen Bitcoin supply on exchanges dropping due to purchases by public companies, which it anticipated would accelerate âin the near future.â Byworth said a firm like Strategy wouldnât be concerned with the price of Bitcoin when buying it as its primary focus would be on its mNAV (multiple of Net Asset Value), the value of the assets held , as âit is much more beneficial to [its] shareholders.â Richard Byworth spoke to Bram Kanstein on the Bitcoin for Millennials podcast. Source: Bram Kanstein He added that when there is no more Bitcoin, âyou may as well go aggressive buying, because what happens is it will just ramp the price, it will massively increase [Strategyâs] MNAV, which means [its] dilution will become much more accretive.â Movements in the NAV premium and discount can give signals about market sentiment or potential future price movements. Related: New Bitcoin price all-time highs could occur in May â Here is why Byworth said that Japan has a âlarge number of zombie companiesâ holding significant cash reserves. He proposed that Strategy could adopt an aggressive approach by acquiring these companies and âimmediately converting that cash into Bitcoin,â similar to the strategy taken by Japanese investment firm Metaplanet. âThere are plenty of companies out there in Japan like that, sitting on these cash flow generative businesses that are pretty boring and have very low price-to-cash ratios,â Byworth added. On April 21, Metaplanet increased its Bitcoin holdings to more than $400 million after its latest $28 million purchase . Bitcoin is trading at $94,680 at the time of publication. Source: CoinMarketCap Byworthâs comments come as Bitcoin trades below the psychological $100,000 price level, a threshold it fell below in early February , which has widely been attributed to the tariffs imposed by US President Donald Trump. Bitcoin is trading at $94,680, down 13.22% from its all-time high of $109,000 reached in January, according to data from CoinMarketCap. Magazine: TV hit Peaky Blinders to launch crypto game, FIFA Rivals on Polkadot: Web3 Gamer This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
The Trump family continues to lean into crypto, expanding its global footprint with advisory roles, digital asset endorsements, and payments.
Ethereum price started a downside correction from the $1,850 level. ETH is now consolidating near the $1,800 zone and might aim for a move above $1,820. Ethereum started a downside correction and traded below the $1,800 level. The price is trading above $1,780 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $1,810 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,850 resistance zone. Ethereum Price Eyes More Upsides Ethereum price remained stable above the $1,745 level and started a fresh increase, like Bitcoin . ETH climbed back above the $1,800 resistance level before the bears appeared. A high was formed at $1,842 and the price corrected some gains . There was a move below the $1,820 level. The price dipped below the 50% Fib retracement level of the upward move from the $1,746 swing low to the $1,842 high. However, the bulls remained active near the $1,780 level and the 61.8% Fib retracement level of the upward move from the $1,746 swing low to the $1,842 high. Ethereum price is now trading above $1,780 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,810 level. The next key resistance is near the $1,820 level. There is also a short-term contracting triangle forming with resistance at $1,810 on the hourly chart of ETH/USD. The first major resistance is near the $1,850 level. A clear move above the $1,850 resistance might send the price toward the $1,920 resistance. An upside break above the $1,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,950 resistance zone or even $2,000 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,850 resistance, it could start a fresh decline. Initial support on the downside is near the $1,780 level. The first major support sits near the $1,750 zone. A clear move below the $1,750 support might push the price toward the $1,620 support. Any more losses might send the price toward the $1,600 support level in the near term. The next key support sits at $1,550. Technical Indicators Hourly MACD â The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI â The RSI for ETH/USD is now above the 50 zone. Major Support Level â $1,780 Major Resistance Level â $1,850
The Trump administration is almost done locking in a new trade agreement with India, and the deal could be announced within days. On Tuesday, President Donald Trump told reporters outside the White House that the negotiations were moving fast, and he believes both countries will sign a deal soon. âI think weâll have a deal with India,â Trump said. âThe prime minister, as you know, was here three weeks ago, and they want to make a deal.â Narendra Modi, Indiaâs prime minister, had visited Washington in late February. Since then, both countries have been pushing to wrap up talks. According to CNBC, the White House sees this trade deal as one of several negotiations happening globally right now, but the India deal appears to be the closest to being done. Bessent and Vance say India deal is nearly ready Treasury Secretary Scott Bessent confirmed during a White House briefing that the U.S. is âvery close on India.â He said the administration had also been holding talks with Japan, and he suggested the U.S. is also nearing a possible agreement with South Korea. âThe contours of a dealâ with Seoul are coming together, he said, without sharing specific terms or a deadline. But India seems to be the focus. Bessent pointed to a recent meeting between Vice President JD Vance and Modi, saying the two leaders âmade some very good progress.â He said that the discussions went well enough that an announcement on India could happen soon. âA country like India, which has the posted and ready tariffs, itâs much easier to negotiate with them,â Bessent said. The structure of Indiaâs existing tariffs is one of the things making this easier. Theyâre already written down, not hidden or vague. That helps U.S. negotiators know exactly what theyâre working with. Thatâs not the case with every country, Bessent added, and itâs why talks with India have moved faster than others. The potential benefits are not one-sided. Raghuram Rajan, an economist at the University of Chicago Booth School of Business, told CNBC that India stands to gain a lot if it can get those tariffs lowered. âIndia benefits hugely if it can negotiate tariffs to a much lower level, even while some other countries have it at a higher level,â Rajan said. He explained that this could make India more attractive to companies, especially because of its huge local market. Lutnick hints at another trade deal done While all eyes are on India, Commerce Secretary Howard Lutnick added fuel to the fire shortly after by claiming that one deal was already done, but it was not yet public. Speaking to CNBCâs Brian Sullivan, Howard said , âI have a deal done, done, done, done, but I need to wait for their prime minister and their parliament to give their approval, which I expect shortly.â He refused to name the country, but the markets responded anyway. Right after Howardâs comments, the stock market spiked. Traders saw the statement as a sign that real progress was being made. The details of the unnamed deal are still under wraps, and Howard didnât confirm if India was the country involved. When asked whether he was involved in any talks with China, Howard quickly said no. âMy portfolio is the rest of the worldâs trade deals,â he said. China is being handled separately by Bessent. As for who else is being courted, Bessent told reporters that the White House has active talks going with 17 different countries. âWe have 18 important trading relationships; we will be speaking to all of those partners, or at least 17 of them, over the next few weeks,â he said. According to him, many of those countries have already come to Washington. China isnât one of them. So far, the administration hasnât signed anything official. Bessent said many countries have reached out about deals, but nothing has been announced. Right now, India, Japan, and South Korea are the top prospects. Later in the day, Bessent went on Fox Business and was asked directly about Lutnickâs claim of a finished deal. He didnât confirm or deny. âIâm not going to get ahead of the president,â Bessent said. âNothingâs done until President Trump announces it. So we should wait to hear from President Trump over the next couple of days.â Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Chinese President Xi Jinping underscored BRICSâ New Development Bank (NDB) as a crucial emerging force in the global financial system during discussions with NDB President Dilma Rousseff. He emphasized that the NDB, spearheaded by BRICS nations, embodies the growing leadership of developing economies and stands as a golden symbol of Global South cooperation. Xi advocated
Bitcoinâs price has rebounded strongly over the past week, recovering from a low of $74,000 earlier this month to now trade above the $95,000 mark. This upward movement represents a 12% gain in the past seven days, signaling a potential shift in short-term market sentiment following a multi-week period of correction and volatility. Despite this upward trajectory, some underlying metrics suggest that investors remain cautious, especially within the derivatives market. Related Reading: Technical Indicators Suggest Bitcoin May Reach $120,000 In Q2, Says Standard Chartered Bitcoin Negative Funding Rates Return Amid Price Rally A CryptoQuant analyst known as ShayanBTC has pointed to a developing divergence between price action and funding rates, particularly on perpetual futures contracts. Funding rates serve as a measure of trader sentiment, showing whether long or short positions dominate. While the price of Bitcoin has climbed, Shayan revealed that recent funding rate behavior suggests that many participants are hedging against potential downside risks or actively reducing exposure at these levels. The divergence raises questions about whether the current rally will sustain or if a short-term retracement is likely before further continuation. Shayan highlighted that Bitcoinâs funding rates have turned negative again, even as the price pushed toward $95,000. This dynamic mirrors a trend observed during the prolonged correction between March and October 2024, when funding rates remained negative during intermittent rallies. Negative funding rates typically indicate a dominance of short positions or hedging behavior among traders in the derivatives market. The analyst suggests that this renewed divergence may reflect a lack of conviction in the rally, with participants preparing for a possible reversal at key resistance levels. Shayan also noted that the current structure shows similarities to previous periods where the market saw a temporary pullback before resuming upward movement. In this context, traders might be reducing risk exposure or engaging in distribution strategies by selling into strength. The presence of cautious positioning at a time of rising prices often signals market imbalance that could trigger a short-term correction. STH-Realized Price and Structural Considerations Meanwhile, BTCâs Short-Term Holder Realized Price (STH-RP) is also a metric worth assessing Bitcoinâs macro trend. The STH-RP reflects the average cost basis of coins held by recent market participants. Related Reading: Record-Breaking Week: Bitcoin Climbs Over $95,000 Amidst $3 Billion ETF Inflows According to on-chain data, sustainable bull markets often maintain price levels above the STH-RP. At present, Bitcoin remains near this threshold, and its ability to hold or break above it could shape near-term momentum. The analysis from Shayan concludes that while a pullback may occur in the short term, the retracements due to the divergence between rising prices and falling funding rates could strengthen the overall market structure if they result in healthier accumulation and shake out weak hands. Featured image created with DALL-E, Chart from TradingView
Trump Tower Dubai will accept crypto for property purchases, Eric Trump confirmed this week. The $1B project includes luxury units and penthouses in partnership with Dar Global on Sheikh Zayed Road. Eric Trump will speak at TOKEN2049 Dubai alongside Web3 leaders including CZ, Allaire, and Balaji. Buyers will be able to use cryptocurrency to purchase units at Trump Tower Dubai, the luxury real estate project recently unveiled by the Trump Organization and Dar Global. The announcement was made by Eric Trump, who confirmed the crypto payment option during a press briefing in Dubai. The move comes as Dubai continues to attract high-net-worth individuals and crypto-native investors, positioning itself at the intersection of global finance, real estate, and Web3 innovation. Inside Trump Tower Dubaiâs Billion-Dollar Blueprint Developed in partnership with London-listed Dar Global , the $1 billion project will include a Trump-branded hotel, residential apartments, a private clubhouse, and two ultra-luxury penthouses â each priced at Dh75 million ($20.4 million). Standard apartments are expected to cost between Dh4â5 million, with the project situated at th⌠The post Buyers Can Pay in Crypto at Trump Tower Dubai, Eric Trump Confirms Ahead of TOKEN2049 appeared first on Coin Edition .
The post Trump Media To Launch Utility Token and $250M ETF Push appeared first on Coinpedia Fintech News Trump Media and Technology Group, the parent company of Truth Social and Truth Plus, is planning to launch a new utility token as part of a broader expansion strategy. CEO Devin Nunes shared these updates in a letter marking the companyâs first year as a public entity, detailing new features, investments, and upcoming crypto integrations. NEW: In a letter to shareholders, CEO of Trump Media @DevinNunes announced the platform is mulling launching a utility token for subscription payments and possible other future uses within the âTruth ecosphere.â pic.twitter.com/Sq2a6TdBdi â Eleanor Terrett (@EleanorTerrett) April 29, 2025 The utility token will be introduced within a dedicated Truth digital wallet and will first be used to pay for Truth Plus subscriptions. Over time, it could also be used for other services across the Trump Media ecosystem, forming part of a larger rewards program. A Strong Start, One Year In Marking its first year as a public company, Nunes highlighted the companyâs strong financial position, holding $777 million in cash with low operating costs. He believes this gives Trump Media a strong edge for growth, especially as it rolls out new premium features for Truth Plus, like longer videos, an edit button, and access to more conservative news channels and family-friendly content. Truth+ is rolling out features like an edit button and longer videos for subscribers, while building an uncancellable streaming service with its own infrastructure to counter woke censorship. Their expansion into Truth Fi aims to support investors who prioritize American economic⌠â Henry Morgan (@CaptnMorgan) April 29, 2025 Big Investments in Finance Meanwhile, under its financial services brand Truth.Fi, Trump Media is launching a series of ETFs and separately managed accounts with an âAmerica-firstâ focus, in partnership with Yorkville America Equities and Index Technologies Group. Up to $250 million has been allocated to this venture. However, the crypto ambitions have sparked concerns about potential conflicts of interest. Despite transferring his 59% stake to a trust, Trump remains linked to several crypto ventures, including World Liberty Financial, where heâs named âChief Crypto Advocateâ and profits from the company, which is mostly owned by the Trump family. His memecoin launch, Official Trump (TRUMP), just before returning to office, also drew criticism. Nunes also expressed concern about stock manipulation, citing a hedge fundâs 6 million short positions and notifying the SEC. He added that the company is actively pursuing mergers and acquisitions to find âcrown jewelâ assets that align with its long-term vision. Stock Pressure and M&A Plans Despite the announcements, Trump Mediaâs stock (DJT) fell 3% on the day and is down 26% for the year, as investor interest appears to be cooling off amid broader market uncertainty. Nunes claims hedge fund manipulation is partly to blame and has alerted the SEC. He also says Trump Media is on the hunt for strategic acquisitions to support long-term growth.
The US Securities and Exchange Commission has dropped its investigation into the PayPal dollar-backed stablecoin , PYUSD, without taking enforcement action. PayPal disclosed the decision in a Tuesday filing , marking another high-profile crypto probe closed under President Donald Trumpâs administration. It said that the SECâs Division of Enforcement had issued a subpoena in Nov. 2023, requesting documents related to PYUSD. The company said that in Feb. 2025, the SEC informed them that the inquiry had been closed with no further action. Trump-Era SEC Scales Back Crackdown On Digital Assets The move comes as part of a broader shift at the SEC. Since Trump took office in Jan. 2025, the agency has scaled back its regulatory crackdown on digital asset firms. It has dropped or paused investigations and lawsuits against several major crypto companies, including Gemini , Coinbase, Ripple Labs and Uniswap Labs, among others. Enforcement actions against high-profile individuals such as Justin Sun and Hex founder Richard Heart have also been shelved . PayPal Gains Breathing Room As Regulatory Pressure Eases PayPal launched PYUSD in Aug. 2023 in partnership with Paxos Trust Company, a US-regulated entity. The stablecoin, backed 1:1 by the US dollar, is available to US users on PayPal and Venmo and can be transferred to external wallets, subject to compliance checks. PYUSD has earlier surpassed $1b in market cap , signaling strong demand and growing traction within the digital payments ecosystem, though its valuation has since declined. The closure of the SECâs inquiry could boost confidence among institutional partners and retail users, especially as stablecoins remain under close global scrutiny. While no comprehensive US regulation currently governs stablecoins, Congress continues to debate a legal framework that could reshape how such assets are issued and used. SEC Exit Offers Relief, But Uncertainty Still Shadows PYUSD PayPal noted that the regulatory environment remains fluid. As a result, future legislation could bring new costs or risks for stablecoin issuers and partners. Additionally, the company acknowledged potential reputational harm. This could occur if its issuer partner faces legal trouble or if PYUSD is used in illicit transactions. Even so, the SECâs decision to abandon its investigation adds to a growing list of crypto enforcement rollbacks. This trend reflects a broader shift toward lighter regulatory oversight. For PayPal and other fintech firms moving into stablecoins, it suggests that regulatory headwinds may be easing, at least for now. The post SEC Walks Away From Investigation Into PayPalâs Dollar-Pegged Stablecoin appeared first on Cryptonews .